How Much Child Support Should a Self-Employed Parent Pay?
Video: How Much Child Support Should a Self-Employed Parent Pay?
By: Steven Benmor, B.Sc., LL.B., Family Lawyer
Jurisdiction: Ontario (Canada)
Most peole who are self-employed either have their own financial statement that their bookkeeper or accountant will prepare towards the end of the year, after the end of the year of course. Or alternatively when you look at your income tax return, your T1 General, there is this document for those people that are self-employed called Statement of Business Activities where it lists the gross income and then it lists line by line what the expense are. And that’s where we as laywers examine that, in conjunction with accountants and say, well this person who is a painter who had gross revenue of, say for example, $75000, but here it says they spent about $7500 on meals. Well does a painter need to spend $7500 on meals in order to earn that revenue or is that painter simply writing off all of their out-of-home food expenses? And so the law says that you can … (click here for more)
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(’First Take Live’ video clips courtesy of Dan Carter Productions. Original Broadcast: 2007) About the author: Steven Benmor practices Family Law in Toronto, Ontario, Canada. Visit Steven Benmor’s online Family Law Resource Center for concise answers to many more frequently asked Family law questions, feature articles on Family law topics, dozens of links to other Family law websites, and more at www.benmor.com. The information on this page is for discussion purposes only. It is by no means legal advice or even a statement of the law on this subject. Please do not rely on the accuracy or completeness of this information. Any question or concern elicited by the information on this page should be taken to a lawyer who will consider the facts of each case and the legal remedies available. |
